SWIMMING POOL FINANCING
Manageable Monthly Payments: Break down the pool’s cost into affordable monthly payments that fit your budget. This allows you to enjoy your pool sooner rather than waiting to save up the full amount.
Budgeting Certainty: Fixed interest rates and loan terms provide predictable payments, making it easier to manage your finances without surprises.
Increased Home Value: Pools are often seen as desirable features by potential buyers, and studies suggest they can increase your property value by up to 7%. Financing allows you to capture this value boost while spreading out the cost.
Enjoy Now, Pay Later: Don’t wait years to cool off on a hot summer day. Financing lets you start enjoying your pool right away while spreading out the payments over time.
Tax Advantages
Because a swimming pool loan is usually secured by your property, the interest on a pool loan may be tax-deductible. You should consult your tax advisor for further information.You can also learn more about swimming pool budgeting, financing, and pricing in our Frequently Asked Questions.
Questions?
A custom pool design consultant will be happy to go over each step with you. All you have to do is contact us to set up a phone call or time to meet.
Swimming Pool Financing FAQ
Our financing manager, Natalie, has been in the mortgage and loan industry for 20+ years. Her expertise is available to anyone interested in financing their Presidential Pool! When you combine Natalie’s experience with our huge set of financing options, you get the best financing options available for your family.Description text goes here
The lending institutions that we have partnered with specialize in swimming pool financing and are good at what they do. The number one thing to keep in mind is what monthly payment is in your budget and then look at the lender that will offer the best rate and term to see if they can meet your needs. Natalie will walk you through everything from start to finish.
Different programs have different requirements. With our secured loans the lenders minimum credit score requirement is 650+ and the unsecured loans require a 640+. There are other factors that determine qualification which can include debt-to-income ratio, residual monthly income, and credit history.
We offer secured and unsecured loans. Secured loans are considered 2nd mortgages and use the home as collateral. The rates vary depending on credit scores and equity in the home, but don’t worry if you do not have a lot of equity in your home. The lenders we have partnered with are able to go over the 80% loan to value that lenders in Arizona
We also offer unsecured loans, which are more of a personal loan, so the lender does not use the home as collateral. cannot exceed.
Usually about 3 weeks. This can be a bit quicker or slower depending on industry demand (the process can often be quicker, but is normally slower during swim season!) The loan process for both secured and unsecured loans fairly simple. We submit the loan application and within 3-5 days receive a decision. If the loan is preapproved we move forward.